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Employers operating self-funded healthcare plans shoulder the ultimate fiduciary responsibility when it comes to spending health plan dollars for employee medical care. The Department of Labor aims to increase enforcement of the Employee Retirement Income Security Act (ERISA) governance on the health and welfare benefit side to meet the level of 401(k) standards in the coming years, which means employers need to ensure they understand how and where their dollars are spent. On the 50th anniversary of ERISA, SmartLight Analytics looks at the self-funded employer's fiduciary responsibility under the Act with Rory Kane Akers. #ERISA #fiduciary #selffundedemployers #ERISA50 https://lnkd.in/gBczrEu9

The “buck stops” with the employers: Who is a fiduciary for self-funded health plans? - SmartLight Analytics

The “buck stops” with the employers: Who is a fiduciary for self-funded health plans? - SmartLight Analytics

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